View more on these topics

Roger Dossett to leave Henderson New Star

Henderson New Star head of property Roger Dossett is to leave the firm later this year.

Dossett is leaving to persue his own property interests and is to be replaced by Mark Carpenter, who is currently the director of Henderson’s property division.

Carpenter is to take on the management of the New Star UK property unit trust, where he will be supported by director of UK property Marcus Langlands Pearse, as well as the international property fund, where he will be backed by the Henderson international property team.

Dossett agreed to join the combined group in April this year. His departure follows that of New Star international property fund manager and head of global property Stuart Webster who said he would not be joining Henderson at the conclusion of the merger.

Webster remained as an adviser in the short term but has since left the firm.

Carpenter has over 20 years experience in property fund management and has run a number of pension funds and life company property portfolios. He is also deputy chairman of the Henderson property investment committee.

Dossett says: “Mark has a proven and consistent track record and I am confident that his considerable expertise, complemented by the existing Henderson property team, will benefit investors in both the New Star international property Fund and the New Star UK property unit trust.”

Carpenter says: “Having worked closely on the property side of the New Star acquisition, I am looking forward to the prospect of working on these two funds.

“Regarding the New Star UK property unit trust, there are some promising signs that the UK commercial property market is close to bottoming. Yields on prime properties have stopped widening and in some cases have begun to narrow as buyers gradually return to the market. This is reflected in the fund, which reported its first positive portfolio valuation at the end of June since mid 2007 and has a current yield of 6.1 per cent.

“Our overriding priority for the New Star international property fund is to build up a sufficient level of liquidity to be able to reopen the fund for dealing. However, we are mindful of achieving fair value for the assets and will not, therefore, dispose of assets below what we consider to be fair value.


Equitable Life court case opens

The Equitable Life Members Action Group’s legal challenge to the Government is due to start at the Royal Courts of Justice this week.

Cooksey takes lead in UKFI shake-up

Chancellor Alistair Darling has appointed former Bank of England director Sir David Cooksey as chairman of UK Financial Investments. Chief executive John Kingman will be stepping down at UKFI.

HMRC outlines new offshore disclosure initiative

HM Revenue & Customs has confirmed details of a new disclosure initiative that will allow people with unpaid taxes linked to offshore accounts or assets to settle their tax liabilities at a favourable penalty rate.

Rayner Spencer Mills: Why we rate the Artemis US Select Fund

Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm